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5-year tax holiday for multiplexes

Patna: With a view to boost the entertainment sector, the Bihar government has decided to extend a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year tax holiday for new entertainment complexes.

Observing that the condition of film halls left a lot to be desired, Deputy Chief Minister-cum-Finance Minister Sushil Kumar Modi said on Sunday that owners would get tax holiday and other incentives if they went in for renovation.

“We have decided to encourage promoters giving a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year tax holiday for new entertainment complexes,” he said.

“The decision has been taken to give a much-needed boost to the entertainment sector in the State,” he said.

Mr. Modi said the State would have a number of multiplexes in a year or two. PTI

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